Hong Kong & China Gas (OTCMKTS:HOKCY) Sees Strong Trading Volume – Here’s Why

Shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY) saw unusually-high trading volume on Friday . Approximately 50,000 shares were traded during trading, an increase of 322% from the previous session’s volume of 11,852 shares.The stock last traded at $0.90 and had previously closed at $0.8550.

Hong Kong & China Gas Trading Up 5.3%

The stock’s 50-day moving average price is $0.90 and its 200-day moving average price is $0.89. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.55 and a current ratio of 0.63.

Hedge Funds Weigh In On Hong Kong & China Gas

A hedge fund recently raised its stake in Hong Kong & China Gas stock. Rhumbline Advisers lifted its stake in shares of Hong Kong & China Gas Co. (OTCMKTS:HOKCY) by 26.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 131,441 shares of the company’s stock after purchasing an additional 27,860 shares during the period. Rhumbline Advisers’ holdings in Hong Kong & China Gas were worth $107,000 at the end of the most recent reporting period.

About Hong Kong & China Gas

The Hong Kong and China Gas Company Limited, commonly known as Towngas, is a long-established utility and energy services company founded in 1862. It is principally engaged in the production, distribution and sale of town gas and related energy products, serving residential, commercial and industrial customers. Towngas operates through an integrated model that covers gas production facilities, transmission and distribution networks, customer metering and billing, and after-sales services.

Core products and services include piped town gas for household and commercial use, liquefied petroleum gas (LPG) distribution, gas appliances and fittings, and engineering, installation and maintenance services.